Ticker Options Intelligence

ORKA options intelligence

Oruka Therapeutics, Inc. options pressure, expected move, strike concentration, and Sharemaestro trend context.

Conviction 62 Market data through 29 Jul 2026 Checked 30 Jul 2026 03:44 · complete available chain

Volatility expansion watch

Volatility pressure

ORKA currently carries volatility options pressure with a 62/100 conviction score. The nearest-chain expected move is 18.5%, with volume/open-interest participation at 0.01.

Options Intelligence Opportunities Bullish confirmation Risks Unusual flow Vol expansion Repeated pressure Chart Weekly report
Primary read Volatility

Volatility expansion watch

Expected move 18.5%

Wider near-term move priced

Activity / OI 0.01

Current volume is quieter versus prior open interest

Put-call 0.12

Call-side skew

Trend fit 55

Options are not fully confirming trend

Weekly backdrop -0.6%

RS 110.7

Expected move 18.5%
Put-call volume 0.12
Volume / OI 0.01
Reference IV 0.98
Max pain 65.00
Underlying 92.16
Nearest expiry 21 Aug 2026
Contracts 388

Options Intent Radar

Earnings/event positioning

86/100
Primary intent Earnings/event positioning

Options activity is concentrated around a live event window, so the cleanest read is event positioning rather than pure direction.

Flow vs price divergence Volatility flow versus price

Options are pricing movement more than direction; compare expected move with the stock's actual weekly change.

Why this matters

Earnings/event positioning matters because it connects the options headline to the actual evidence: $56920 of estimated gross traded notional, calls · 91+ days · otm, and a volatility flow versus price backdrop. Use it as a research priority signal, then validate the chart, liquidity, event calendar, and risk before acting.

Options pressure+86
1W price-0.6%
Call premium95%
Put premium5%
Notional split C 95% / P 5% Estimated gross traded notional uses volume × contract multiplier × midpoint, or last price when no valid midpoint is available.
Freshness 0.01 Volume divided by open interest across the visible chain.
Trend fit 55/100 Agreement between options pressure and Sharemaestro market context.
Event window 10 Aug Matched earnings event is 11 days away.
Aggregate chain data does not identify trade aggressor or opening versus closing activity; call/put concentration is not proof of market direction.
Conviction clusters Calls · 91+ days · OTM
Calls · 91+ days · OTM calls cluster with 7 contracts traded, $19605 estimated gross traded notional, and 34% of visible notional.
$19605
Calls · 22-45 days · ITM calls cluster with 16 contracts traded, $16800 estimated gross traded notional, and 30% of visible notional.
$16800
Calls · 22-45 days · ATM calls cluster with 11 contracts traded, $8250 estimated gross traded notional, and 14% of visible notional.
$8250
Calls · 22-45 days · OTM calls cluster with 14 contracts traded, $7650 estimated gross traded notional, and 13% of visible notional.
$7650
Calls · 46-90 days · OTM calls cluster with 2 contracts traded, $1770 estimated gross traded notional, and 3% of visible notional.
$1770

Setup Classification

Opportunity and risk frame

Context, not advice
Warning Volatility expansion

The tape is pricing or displaying unusually elevated activity.

Warning Event-risk setup

Expected move or upcoming earnings makes the setup more event-sensitive.

Activity Anomaly

Quiet tape

0

Activity is muted versus this ticker's stored history.

Volume rank0th
Volume/OI rank0th
IV rank0th

Market Context

Underlying confirmation

Sharemaestro weekly
Close92.16
1W-0.6%
RS110.7
Fair value+265.5%
Options pressure86
Speculation8
Volatility96
Trend fit55

Today Versus Normal

Stored-options context

View history
Expected move 18.5% muted
30d avg 19.6% · 1 read 0th
90d avg 19.6% · 1 read 0th
180d avg 19.6% · 1 read 0th
IV 0.98 muted
30d avg 0.99 · 1 read 0th
90d avg 0.99 · 1 read 0th
180d avg 0.99 · 1 read 0th
Put-call 0.12 muted
30d avg 0.67 · 1 read 0th
90d avg 0.67 · 1 read 0th
180d avg 0.67 · 1 read 0th
Volume/OI 0.01 muted
30d avg 0.04 · 1 read 0th
90d avg 0.04 · 1 read 0th
180d avg 0.04 · 1 read 0th

Pressure Trail

Recent pressure and volatility

Open trail
29 Jul 10:51 Volatility
Pressure 27
Move 19.6%
30 Jul 02:44 Volatility
Pressure 86
Move 18.5%

Strike Map

Where activity is clustering

Full strike map
Strike15.00
Calls · V 0 · OI 0
Puts · V 0 · OI 2
Strike17.50
Calls · V 0 · OI 0
Puts · V 0 · OI 247
Strike20.00
Calls · V 0 · OI 1
Puts · V 0 · OI 2
Strike22.50
Calls · V 0 · OI 10
Puts · V 0 · OI 1
Strike25.00
Calls · V 0 · OI 4
Puts · V 0 · OI 2
Strike30.00
Calls · V 0 · OI 2
Puts · V 0 · OI 2
Strike35.00
Calls · V 0 · OI 67
Puts · V 0 · OI 3
Strike40.00
Calls · V 0 · OI 3
Puts · V 0 · OI 8

Term Structure

Expiration activity

Volume and IV
Expiry21 Aug 2026
Contracts56
Avg IV0.98
Put-call0.10
Expiry18 Sep 2026
Contracts36
Avg IV0.94
Put-call1.00
Expiry20 Nov 2026
Contracts56
Avg IV0.95
Put-call-
Expiry18 Dec 2026
Contracts56
Avg IV0.94
Put-call-
Expiry15 Jan 2027
Contracts46
Avg IV0.93
Put-call-

Skew

Call/put IV balance

OTM demand
21 Aug 2026Balanced skew
Call IV0.95
Put IV0.91
Skew-0.04
18 Sep 2026Put IV premium
Call IV0.92
Put IV0.98
Skew0.06
20 Nov 2026Balanced skew
Call IV0.92
Put IV0.97
Skew0.05
18 Dec 2026Balanced skew
Call IV0.93
Put IV0.95
Skew0.02
15 Jan 2027Balanced skew
Call IV0.94
Put IV0.93
Skew-0.01

Contract Tape

Most active contracts

Full contract tape
ContractORKA260821C00085000
SideCall
Expiry21 Aug 2026
Strike85.00
Volume16
OI181
IV1.02
ContractORKA260821C00095000
SideCall
Expiry21 Aug 2026
Strike95.00
Volume11
OI334
IV0.97
ContractORKA260821C00090000
SideCall
Expiry21 Aug 2026
Strike90.00
Volume11
OI101
IV0.94
ContractORKA260821C00100000
SideCall
Expiry21 Aug 2026
Strike100.00
Volume2
OI103
IV0.98
ContractORKA271217C00140000
SideCall
Expiry17 Dec 2027
Strike140.00
Volume2
OI50
IV1.06
ContractORKA271217C00125000
SideCall
Expiry17 Dec 2027
Strike125.00
Volume2
OI14
IV1.06
ContractORKA260821P00065000
SidePut
Expiry21 Aug 2026
Strike65.00
Volume2
OI3
IV0.45
ContractORKA260821P00085000
SidePut
Expiry21 Aug 2026
Strike85.00
Volume1
OI46
IV0.99